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RBOB Gasoline Prices Hit Yearly Lows in Holiday Season Slump

RBOB Gasoline Prices Hit Yearly Lows in Holiday Season Slump

RBOB gasoline futures settled at $1.70 on Thursday. The fuel has entered a deep bear market, with current prices nearing the 52-week low of $1.68 as weak seasonal demand and falling crude oil costs provide consumer relief at the pump.

Retail Gasoline Prices Fall to Lowest Level Since 2021

Retail Gasoline Prices Fall to Lowest Level Since 2021

Gasoline futures settled at $1.71 per gallon as ample supply and falling seasonal demand continue to push retail prices to multi-year lows. The EIA reports that US fuel inventories are swelling, mirroring the broader global crude oil surplus.

Gasoline Prices Hit New Multi Year Lows on Inventory Overhang

Gasoline Prices Hit New Multi Year Lows on Inventory Overhang

RBOB Gasoline futures extended their bearish run, trading near the $1.69 per gallon level, a territory not seen since early 2021. The market is struggling with a pronounced inventory glut caused by low winter driving activity and persistent refinery output.

Gasoline Prices Hit New Multi Year Lows Amid Inventory Glut

Gasoline Prices Hit New Multi Year Lows Amid Inventory Glut

RBOB Gasoline futures extended their decline to a new multi-year low. The market is struggling with a classic winter oversupply scenario, where low seasonal driving activity and steady refinery production have caused a significant build-up of fuel stocks.

Gasoline Prices Hit 5 Year Lows as Inventories Swell

Gasoline Prices Hit 5 Year Lows as Inventories Swell

Wholesale gasoline prices have plummeted to approximately $1.75 per gallon, levels not seen in nearly five years. The slump is caused by a 'perfect storm' of weak seasonal demand and a rapid buildup of fuel inventories.

Gasoline Prices Drift Lower on Seasonal Demand Slump

Gasoline Prices Drift Lower on Seasonal Demand Slump

Wholesale gasoline prices have dropped below $2.00/gallon as seasonal demand weakens. Refineries have switched to cheaper winter blends, and inventories are gradually building up.

Gasoline Prices Near Five Year Lows on Inventory Swells and Weak Demand

Gasoline Prices Near Five Year Lows on Inventory Swells and Weak Demand

RBOB Gasoline futures are trading near a five-year low, a direct result of weak seasonal demand and a massive build-up of US product inventories. Ample crude supply further undercuts prices by lowering refiners' feedstock costs.